The Bank Group has transferred $105 million in emergency funding to Guinea, Liberia and Sierra Leone to fight Ebola — more money to date than any other international organization,... Show More + the president said. Overall, the Bank Group has committed $400 million to support treatment and containment.The U.S. Centers for Disease Control and Prevention has said that in a worst-case scenario, 1.4 million people could become infected with Ebola.“We must do all we can to prevent thousands more needless deaths and an economic catastrophe. … Our ability to boost shared prosperity in West Africa — and potentially the entire African continent — may be quickly disappearing,” Kim said. “Unless we stop the infection’s spread now, there will be little prosperity to share, to say nothing of the number of people who will be unable to share in what remains.”Boosting shared prosperity and tackling inequality requires two key steps on the World Bank Group’s part, said Kim. The Show Less -

Lessons for the WB In an interview about the role Carabayllo played in his approach to development Kim said it played a “huge part of shaping what I know and what I think about... Show More + development as a whole.”“Working in communities like this … always has to be the reason for why we (at the World Bank Group) do our work,” he said. “We’re not just about financing and macro-economic policy. Our organization is here to fight poverty, and to fight poverty in places like Carabayllo. It’s a great opportunity to remind myself and send a message to my team that all the work we do has to be based in what we can do in poor communities,” Kim noted.Kim explained that it wasn’t just a treatment project. “This is a way we can change the way the world thinks about the quality of services we offer poor people. … We can make this something much bigger. It was really the sense that rich people had a certain kind of treatment, and poor people had another kind of treatment.”Today, the pion Show Less -

Climate change impacts are often experienced as water-related events, such as flooding, drought, or extreme storms. Extreme weather events associated with a changing climate carry both economic and human... Show More + costs. Economic losses from recent floods in Thailand, Pakistan, and Australia were devastating: in Thailand alone, losses due to flooding in 2011 resulted in losses of approximately $45 billion, or about 13 percent of GDP.When considering the human costs of climate change, it will be those least able to adapt – the poor and most vulnerable – that will be hit the hardest.“Looking forward, it is clear that water management practices of the past are no longer adequate. Transformations in behavior, institutions, and policies will be at the center of governments', companies', and our attention,” said Rachel Kyte, the World Bank’s vice president for sustainable development.Poor sanitation conditions exacerbated by extreme weather eventsRoughly 2.5 billion people lack access to sanitation an Show Less -